Narayana Health Q3 Results: Net profit jumps 22% YoY to Rs 188 crore

Narayana Health reported a 22.3% year-on-year (YoY) jump in net profit to Rs 188 crore in Q3FY24 due to higher patient footfalls and improved operational metrics.

Revenue rose 6.7% YoY to Rs 1203.6 crore.

The earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 11.6% YoY to Rs 297 crore. The EBITDA margins expanded 110 basis points YoY to 24.7%.


Average occupied bed days increased by 15% y-o-y, representing an occupancy of 64% in Q3FY24.

The average revenue per occupied bed (ARPOB) was Rs 1.41 crore in Q3FY 24 as against Rs 1.3 crore in Q3FY23. The average length of stay (ALOS) stood at 4.4 days in Q3. The outpatient volumes rose 4% YoY to 6.04 lakh, while inpatient volumes were the same at 57,000.

The Bengaluru-based Narayana Health has a network of 18 hospitals and 3 heart centers across India along with overseas presence at Cayman Islands, with over 5,640 operational beds and a capacity of over 6,040 beds.